The Euro Dollar retreated from the four-hour SuperTrend line, indicating a possible resumption of the market decline. It is likely that soon there will be a breakdown of the local minimum. The immediate target appears to be the 0/8 mark.
On the hourly chart the SuperTrend lines can again form a “bearish cross”. Most likely, in the short term the market will try again to break the 0/8 mark and gain a foothold in the “oversold” zone. In case of breaking -2/8, the build-up of murray levels will be updated.
EUR/USD, H4
EUR/USD, H1
Origin: RoboForex
